• AUD/USD -1.8% from May 6 0.6515 high as USD firms on easing trade tensions

• Trump & Starmer announce U.S.-UK trade deal, 10% baseline tariff remains

• DXY at near 4-week highs; potential of further trade deals well received

• Upcoming U.S./CN talks in Switzerland this weekend will be critical

• Further escalation of India/Pakistan instability may impact Asia markets

• AUD failed to hold above 0.6457 200-DMA, likely to test support near 0.6370

• Overnight range 0.63955-0.6432, support 0.6370-75 0.6180, resistance 0.6550
AUDUSD 4hr Channel Chart


USD Index Post Trump 2.0 Election

(James Connell is a Reuters market analyst. The views expressed are his own.)